Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Government
GGTPX Fund  USD 12.75  0.01  0.08%   
The current 90-days correlation between Goldman Sachs Government and Prudential High Yield is 0.08 (i.e., Significant diversification). The correlation of Goldman Sachs is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Goldman Sachs Correlation With Market

Average diversification

The correlation between Goldman Sachs Government and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Government and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goldman Sachs Government. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Goldman Mutual Fund

  0.64GCEBX Goldman Sachs CleanPairCorr
  0.64GCEDX Goldman Sachs CleanPairCorr
  0.64GCEEX Goldman Sachs CleanPairCorr
  0.64GCEGX Goldman Sachs CleanPairCorr
  0.64GCEJX Goldman Sachs CleanPairCorr
  0.64GCEPX Goldman Sachs CleanPairCorr
  0.66GCGIX Goldman Sachs LargePairCorr
  0.91GCFCX Goldman Sachs EPairCorr
  0.99GCFIX Goldman Sachs EPairCorr
  0.99GCFUX Goldman Sachs EPairCorr
  0.83GCICX Goldman Sachs InternPairCorr
  0.84GCIIX Goldman Sachs InternPairCorr
  0.83GCIRX Goldman Sachs InternPairCorr
  0.83GCISX Goldman Sachs InternPairCorr
  0.83GCITX Goldman Sachs InternPairCorr
  0.83GCIUX Goldman Sachs InternPairCorr
  0.83GCIAX Goldman Sachs InternPairCorr
  0.67GCMRX Goldman Sachs MidPairCorr
  0.66GCMTX Goldman Sachs MidPairCorr
  0.66GCMUX Goldman Sachs MidPairCorr
  0.67GCLSX Goldman Sachs LargePairCorr
  0.66GCMAX Goldman Sachs MidPairCorr
  0.67GCMCX Goldman Sachs MidPairCorr
  0.73GCMDX Goldman Sachs LocalPairCorr
  0.61GCRTX Goldman Sachs AbsolutePairCorr
  0.88GCTMX Goldman Sachs InternPairCorr
  0.68GCSAX Goldman Sachs SmallPairCorr
  0.68GCSCX Goldman Sachs SmallPairCorr
  0.68GCSIX Goldman Sachs SmallPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Goldman Mutual Fund performing well and Goldman Sachs Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Goldman Sachs' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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